While the government shutdown may delay the release of important monthly economic news and indicators, the latest SpendingPulse report released by MasterCard Advisors provides a much-needed glimpse into consumer spending trends from September. According to the report, total U.S. retail sales continued to weaken after peaking at 4.7 percent in June of this year. September retail sales were up only 3 percent year-over-year, which was attributed to a significant drop-off in gasoline spending and no major growth in other sectors. For more notable economic trends and retail sales news from the September report, view the full press release.
SpendingPulse Provides Much-Needed View into Consumer Spending During Government Shutdown
Tags: consumer spending, economic research, mastercard advisors, public affairs, retail sales, spendingpulse